Best Buy names new executive; Penney lowered

AndriaCheng

NEW YORK (MarketWatch) -- Best Buy Co.
BBY, +0.87%
shares rose 3.1% on Monday after it named Williams-Sonoma Inc.'s
WSM, +1.28%
former President, Chief Operating and Chief Financial Officer Sharon McCollam, 50, its new chief administrative and chief financial officer, effective Dec. 10. J.C. Penney Co.
JCP, +1.27%
fell 3.8% after Credit Suisse cut its rating on the stock to underperform from neutral. Analyst Michael Exstein said there are "mounting concerns that viability of (Penney's) strategy is questionable." Separately, Penney said it's opening its stores at 6 a.m. on Black Friday, the day after Thanksgiving that typically marks the start of the holiday shopping. Target Corp.
TGT, +0.07%
on the other hand, said it's opening its doors at 9 p.m. on Thanksgiving, three hours earlier than last year. Wal-Mart Stores Inc.
WMT, +0.30%
and Sears Holdings Corp.
SHLD, +0.28%
also are opening doors earlier this year on Thanksgiving Day. Target dipped 0.4%.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.